West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jan 23, 2026 is estimated to be $266 Million, with a cash option of 120.8 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Fri Jan 23, 2026

Draw Date	Jackpot	Cash Option
Fri Jan 23, 2026	$266,000,000	$120,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,800,000
Federal Tax(24%)	$28,992,000
Additional Federal Tax	$15,664,330
State Tax(6.5%)	$7,852,000
Net Lumpsum Payment	$68,291,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,003,566	-$1,441,650 -$260,232	$2,301,684
2	$4,203,864	-$1,515,760 -$273,251	$2,414,853
3	$4,414,004	-$1,593,512 -$286,910	$2,533,582
4	$4,634,784	-$1,675,200 -$301,261	$2,658,323
5	$4,866,470	-$1,760,924 -$316,321	$2,789,225
6	$5,109,860	-$1,850,979 -$332,141	$2,926,740
7	$5,365,220	-$1,945,462 -$348,739	$3,071,019
8	$5,633,614	-$2,044,768 -$366,185	$3,222,661
9	$5,915,308	-$2,148,994 -$384,495	$3,381,819
10	$6,211,100	-$2,258,437 -$403,722	$3,548,941
11	$6,521,522	-$2,373,294 -$423,899	$3,724,329
12	$6,847,638	-$2,493,956 -$445,096	$3,908,586
13	$7,189,980	-$2,620,623 -$467,349	$4,102,008
14	$7,549,612	-$2,753,687 -$490,725	$4,305,200
15	$7,927,066	-$2,893,345 -$515,259	$4,518,462
16	$8,323,406	-$3,039,991 -$541,021	$4,742,394
17	$8,739,430	-$3,193,919 -$568,063	$4,977,448
18	$9,176,468	-$3,355,624 -$596,470	$5,224,374
19	$9,635,318	-$3,525,398 -$626,296	$5,483,624
20	$10,117,044	-$3,703,637 -$657,608	$5,755,799
21	$10,622,976	-$3,890,832 -$690,493	$6,041,651
22	$11,154,178	-$4,087,376 -$725,022	$6,341,780
23	$11,711,714	-$4,293,665 -$761,261	$6,656,788
24	$12,297,446	-$4,510,385 -$799,334	$6,987,727
25	$12,912,172	-$4,737,834 -$839,291	$7,335,047
26	$13,558,020	-$4,976,798 -$881,271	$7,699,951
27	$14,235,788	-$5,227,572 -$925,326	$8,082,890
28	$14,947,604	-$5,490,944 -$971,594	$8,485,066
29	$15,695,064	-$5,767,504 -$1,020,179	$8,907,381
30	$16,479,764	-$6,057,843 -$1,071,185	$9,350,736